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Home / Business / Tesla (TSLA) appoints new CFO and CAO in finance team shakeup

Tesla (TSLA) appoints new CFO and CAO in finance team shakeup



In January, Tesla (TSLA) announced that its long-term chief financial officer Deepak Ahuja will travel and be replaced by another board member in the Finance Act.

The car manufacturer has now officially appointed the new CFO, Zachary Kirkhorn, as well as a new accountant, Vaibhav Taneja, after the position was vacant after several departures in the department during the last year.

Ahuja has been Tesla's CFO in the last decade.

When his retirement (second from Tesla) was announced in January, Tesla said it would be a transitional period to introduce 34-year-old Kirkhorn, who has held several positions in Tesla's finance group over the past 9 years, and Ahuja would continue to advise him.

Now Tesla announced in a new SEC filing today that Kirkhorn has been officially appointed CFO:

According to its previous announcement, March 1

3, 2019, Tesla, Inc. ("Tesla") appointed Zachary Kirkhorn as CFO to succeed Deepak Ahuja. Kirkhorn, 34, first joined Tesla in March 2010 and has continuously served in various roles in his finance department over a two-year period between 2011 and 2013, receiving his MBA from Harvard Business School, including most recently as Vice President, Finance, Financial Planning and business operations since December 2018. "

As part of his agreement, Kirkhorn will receive a $ 12 million share option and a $ 4 million deposit, which will be granted and will vest over four years in accordance with Tesla's standard capital policy."

At the same time, Tesla also appointed a new accountant (CAO); Vaibhav Taneja.

During the past year, Tesla has lost many managers in the finance and accounting department and chief accounting officer.

Tesla first created an accountant in the company in 2016 by hiring Eric Branderiz.

Branderiz left in March 2018, and the position became vacant to Tesla employed Dave Morton from Seagate Technology, but Morton didn't last long.

He left September.

Now Tesla announced the appointment of Taneja to the role.

The company announced in the same new SEC filing today:

"On March 13, 2019, Tesla Vaibhav appointed Taneja, Tesla's current Corporate Controller since May 2018, as his accountant. Mr. Taneja, 41, previously served as Tesla's assistant business executives between February 2017 and May 2018 and as vice president of SolarCity Corporation in the accounting functions between March 2016 and February 2017, as well as the company's board of directors from August 2016. Prior to that, Mr. Taneja was employed by PricewaterhouseCoopers in India and the US between July 1999 and March 2016, including most recently as senior manager in his insurance practice. "

Like the Kirkhorn, Taneja will also receive a new stock option grant:" $ 6 million and a USD 2 million deposit certificate that will be granted and will devote over four years in accordance with Tesla's standard capital policy. "


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